About 100 mln Chinese become stock holders

时间：2007-05-18 01:53:23

（单词翻译:单击）

Chinanews, Beijing, May 18 – About 300,000 Chinese people have opened an account in the stock market since late April. Information from the China Securities Depository and Clearing Corporation shows that on May 14, the number of new stock holders1 that had opened an account in the stock market reached 500,000. So far, the total number of account holders in Shanghai and Shenzhen stock markets reached 96.71 million, almost hitting the 100-million mark.

 

It is found that most new stock holders are young people and some are old people. Although everybody knows that there are risks involved in stock buying and media constantly remind people to be fully2 aware of such risks, still many people are eager to plunge3 into the stock market prompted by the large gains brought by a bullish market. As a result, the total number of stock holders in China nearly hit 100 million. The number of new stock holders that opened an account during the past four months this year was already three times the number of new stock holders that opened an account in the whole of last year.

 

The soaring number of new stock holders has been prompted not only by the bullish stock market, it is also resultant from the fact that currently, Chinese people still have relatively4 few means to manage their assets. At present, the savings5 interest rate in banks has fallen below inflation rate. So people actually will lose money if they put their money in banks. Treasury6 bonds bring higher yields compared with bank savings. However, on the one hand, there are a limited number of treasury bonds issued and their scale is not very large. On the other, the excellent performance of bullish market is certain to prompt everyone to plunge in.

 

Related statistics show that in April alone, the total capital in the A-share market reached 980 billion yuan, while at the same time, about 250 billion yuan of new capital flowed into the A-share market. One-third of this new capital came from institutions and the rest (about 160 billion yuan) all came from individual investors7.

 
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1 holders 79c0e3bbb1170e3018817c5f45ebf33f     
支持物( holder的名词复数 )； 持有者； （支票等）持有人； 支托（或握持）…之物
参考例句：
  • Slaves were mercilessly ground down by slave holders. 奴隶受奴隶主的残酷压迫。
  • It is recognition of compassion's part that leads the up-holders of capital punishment to accuse the abolitionists of sentimentality in being more sorry for the murderer than for his victim. 正是对怜悯的作用有了认识，才使得死刑的提倡者指控主张废除死刑的人感情用事，同情谋杀犯胜过同情受害者。
2 fully Gfuzd     
adv.完全地，全部地，彻底地；充分地
参考例句：
  • The doctor asked me to breathe in,then to breathe out fully.医生让我先吸气，然后全部呼出。
  • They soon became fully integrated into the local community.他们很快就完全融入了当地人的圈子。
3 plunge 228zO     
v.跳入，(使)投入，(使)陷入；猛冲
参考例句：
  • Test pool's water temperature before you plunge in.在你跳入之前你应该测试水温。
  • That would plunge them in the broil of the two countries.那将会使他们陷入这两国的争斗之中。
4 relatively bkqzS3     
adv.比较...地，相对地
参考例句：
  • The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
  • The operation was relatively painless.手术相对来说不痛。
5 savings ZjbzGu     
n.存款，储蓄
参考例句：
  • I can't afford the vacation,for it would eat up my savings.我度不起假，那样会把我的积蓄用光的。
  • By this time he had used up all his savings.到这时，他的存款已全部用完。
6 treasury 7GeyP     
n.宝库；国库，金库；文库
参考例句：
  • The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
  • This book is a treasury of useful information.这本书是有价值的信息宝库。
7 investors dffc64354445b947454450e472276b99     
n.投资者，出资者( investor的名词复数 )
参考例句：
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会

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